Actually, the way the Platinum market is trading it’s not whispering, it’s seems to be ringing a bell! By the market’s behavior, the bell simply says “Get out of the way!”
Now, it does take courage to challenge the market and it’s messages that are sometimes subtle, sometimes overt. And investors can be asking for big trouble in choosing to disregard the words of advice the market in its theoretical, infinite wisdom, is attempting to communicate.
But some of the most successful trades come from insights that do in fact challenge conventional wisdom; a position that often requires conviction and a willingness to tolerate (in economic terms), pain, suffering, and the philosophical discomfort and anxiety of wondering what is missing in your analysis. It gets to the point as Andrew Hecht suggested in his recent platinum note on Seeking Alpha, of whether your analysis is visionary and perceptive, or if you need analysis!
That is how I am feeling today as platinum trades down to $802!